Kothari Pioneer Mutual Fund has launched its open-end balanced fund. Kothari Pioneer Vista, an open end fund, seeks to optimise returns to investors by investing in a mix of debt and/or equity instruments. The fund managers will follow an active investment strategy taking defensive or aggressive postures depending on opportunities available at various points of time in the equity and debt markets. The fund can have upto 100 per cent in debt and upto 40 per cent in equities. The fund will is available on a no load basis. Launched on June 26, Vista has mobilised around Rs 1 crore. The latest NAV of the scheme is Rs 10 (July 9).

UTI Bond Fund opens for sale

The open end debt fund from the Unit Trust of India- UTI Bond fund is open for continuous sale and repurchase. The latest (July 17) NAV of the scheme is Rs 10.1356. The minimum investment in the scheme is Rs 10,000. The fund is available on a no load basis. UTI charges an exit load of 1.5 per cent of investments ofless than a year.

ICICI funds open for sale

The three open-end funds from ICICI Prudential are also opened for continuous sale and repurchase. The three schemes are Income Plan, Growth Plan and Liquid Plan. The Income Plan seeks to generate income primarily through investments in debt instruments while maintaining an optimum balance of yield safety and liquidity. The fund will normally have a 75 per cent exposure in debt and balance in money market instruments.

The Growth Plan seeks to generate long term capital appreciation primarily through investment in equities. The fund will normally have a 95 per cent exposure in equities and balance in debt and money market instruments.

The Liquid Plan seeks to generate reasonable return, while providing high level of liquidity through investments primarily in money market instruments. The fund will normally have 80 per cent exposure in money market and balance in debt securities. The minimum application amount is Rs 5,000 in the growth and income planswhile Rs 15,000 in the liquid plan. Entry in all the three plans is on a no-load basis.

In the Growth Plan, exit within two years will carry an exit load of 2 per cent, for the income plan an exit within 6 months will carry an exit load of 0.5 per cent and the Liquid Plan carries an exit load of 0.25 per cent for exit within five days. Investment over longer duration than the said periods will carry no load on exit. The latest (July 21) NAV of the Liquid Plan is Rs 10.757, the Growth Plan is Rs 10.26 and the Income Plan is Rs 10.08.